Tesla’s Profit Slide Sparks Investor Concern | Business and Finance News

Tesla’s stock plummeted nearly 15% after a brutal Q2 earnings report—despite a 26% revenue surge to $28.2 billion, net income dropped 5% and free cash flow turned negative for the first time, hitting -$1.1 billion. Heavy spending on futuristic bets like robots, combined with rising EV competition squeezing margins, has investors wary. With a $1.2 trillion market cap and some analysts projecting a 150x earnings multiple, the stock may have more room to fall as growth meets reality. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/afb3404a993e838f